Sarasota Foreclosures

Take a look below to view foreclosures in Sarasota, Bradenton, Siesta Key, Longboat Key, Casey Key, Bird Key, Lido Key, Lakewood Ranch, Osprey and Nokomis. This page is updated daily with new opportunities. To get up to the minute foreclosure or short sale listings sent to you via email, just click this link: Distressed Home Finder.

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Venetian Elegance, Bay-front Home Just Steps To The Heart Of St. Armands Circle And The Gulf Of Mexico With No Bridges To Sarasota Bay And Easy Access To The Gulf Of Mexico. Spend Your Day At The Beach Followed By Shopping And World-class Dining And Finish ...

Nice Bay Front Home In Coral Cove. Located Near The End Of The Street For Good Privacy, And On A Large Lot To Maximize The Outdoor Living Space To Enjoy, And Entertain Your Friends And Family. This Home Was Designed To Take Advantage Of The Expansive Bay ...

Great Opportunity In Lakewood Ranch Country Club Village, Wonderful Golf Course Frontage Within A Gated Community. Excellent Curb Appeal, Landscaping, Paver Driveway And Large Caged Pool. The Interior Features A Built In Buffet/bar Within The Spacious Liv...

Significant Price Correction! Great Opportunity To Own Over An Acre Of Land With Mature Landscaping And Trees On Peaceful Heron Lagoon On Siesta Key. The Main House Is An Eclectic Collection Of Architectural Design Combining Cottage Charm Complete With Warm...

Waterfront Canal Home On Bird Key. Fantastic Boating From This Deep-water Canal With Direct Access To The Bay. 100' Of Canal Front With Concrete Seawall And Wooden Dock. In-ground Pool With Large Screened Lanai. Home Needs Some Updates, But Has Great Po...

This Is Not A Short Sale. Beautiful Contemporary Waterfront Home With Dock And Pool On Canal. Open Updated Kitchen, Family Room W/fireplace, Large Master With Elegant En Suite With Dual Sinks And Separate Tub And Shower. Many Custom Built Ins Throughout. A...

Short Sale! Prime Retail Development Site Fronting Recently Widened State Road 64. Lorraine Road At The Corner Is The Main North To South Roadway East Of I-75 That Takes You Into The Northern Side Of Lakewood Ranch And Residential Communities To The North. ...

Short Sale! Cherokee Park. Excellent Opportunity For This West Of The Trail 4br. This Home Offers 3-1/2ba, Den, Double Master Bedrooms, Bonus Room, Pool And Spa, And Is Located In Highly Sought After Cherokee Park. The Well Designed, Spacious, And Recentl...

Rutenberg Home In The Coveted Westchester, A European Inspired Enclave Of 22 Unique Homes In Lakewood Ranch Country Club. Spacious Open Floor Plan Opens To Tropical & Private Pool/spa Area Perfect For Entertaining With Outdoor Kitchen. Architectural Details...

Auction Terms And Conditions Apply. Paradise Awaits You! Spacious 3 Bedroom, 3.1 Half Bathroom Pool Home Superbly Located Three In From The Bay On The Widest Canal In Country Club Shores. The Bay Views Are Simply Breathtaking From The Family Room, Kitchen ...

Good Foreclosure and Short Sale Blog Posts

Sarasota Foreclosures & Short Sale

The properties above are either short sales or foreclosures. It is much easier to purchase a foreclosure than a short sale. Typically, you can get a response back from the bank rather quickly whereas a short sale could take months.

A short sale occurs when the proceeds of a real estate sale are insufficient to cover the mortgage or balance owned on the property. In a short sale, the bank agrees to take less than what is owed to them due to an economic or financial hardship on the part of the borrower.

In a short sale the bank does not have title to the property. The homeowner still has title and must approve a purchase agreement. The seller then takes the agreed upon real estaet contract and submits it the bank for approvale. This negotiation can take a long time to accomplish. In many cases it takes months to process a short sale. Be prepared to spend a lot of time and energy in a short sale. If you need to move into a home quickly you should ignore short sales.

The foreclosure process is typically a bank or other secured creditor selling or repossessing a property after the owner has failed to comply with an agreement between the lender and borrower called a mortgage. In short, they stopped paying on the promissory note and the bank takes back the property. When the foreclosure proceeding is complete, the lender can dispose of the property and keep the proceeds to pay off the mortgage and any legal costs.

Buying a foreclosure, also known as REO or bank owned property, is easier than a short sale. Typically, you can get a response to an offer rather quickly. If you have a time line for purchasing it is best to look at bank owned properties instead of short sales.

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